Premium Essay

United Arab Emirates Business Report

In: Business and Management

Submitted By goula16
Words 3918
Pages 16
Petro Dollars
Guidelines For Doing Business in the UAE

Prepared for:

Mrs. Margaret Blue

University of Southern Mississippi

IT 380 Organizational Communications

Prepared by
Roy Gasaway

April 1, 2014
TO: Margaret Blue

FROM: Roy Gasaway

DATE: April 1, 2014

SUBJECT: Guidelines For Doing Business in The United Arab Emirates

Here is the report you sanctioned on doing business in the United Arab Emirates (UAE). UAE is a well-established logistics hub providing access to markets in the Gulf, the Middle East, Africa, Eastern Europe, the Indian Subcontinent and the rest of Asia.
The local emirate government closely parallels the federal government construct. A member of the ruling family constitutes the executive. Executing the directives of the executive are various ministries and other departments. The ministries and other departments, together with governmental agencies constitute the emirates governing bodies. This federal system of governance has provided for a stable political environment granting an attractive destination for international investment.
Thank you for the opportunity to prepare this report. If I can provide additional help on our quest to bring our business to the UAE, please contact me.


Executive Summary

The UAE is one of the fastest growing markets in the Middle East. Peaceful and prosperous, the UAE offers businesses unlimited business opportunities in a diverse open economy. Located in the Arab Peninsula, the UAE is a well-established logistics hub providing access to markets in the Gulf, the Middle East, Africa, Eastern Europe, the Indian Subcontinent and the rest of Asia.
Initial meetings are all about relationship-building – building trust and establishing compatibility. One should engage in conversation and try to get to know the person with whom one is doing...

Similar Documents

Premium Essay

Hans Engineering Inc. Expanding to

...Hans Engineering Inc. Expanding to United Arab Emirates Prepared for Mr. Steven Salvatore CEO of Hans Engineering Inc. Albany, New York, 10012 Prepared by Alicia Maharaj Whiteman AFB, Missouri, 65305 March 2, 2014 HANS ENGINEERING Inc. 1500 NW Pine Street, Albany, New York, 10012 (800) 525-1886 MAKING THE WORLD BETTER, ONE BUILDING AT A TIME! HANS ENGINEERING Inc. 1500 NW Pine Street, Albany, New York, 10012 (800) 525-1886 MAKING THE WORLD BETTER, ONE BUILDING AT A TIME! Alicia Maharaj 520 Longwood Drive Whiteman Air Force Base, MO 65305 March 2, 2014 Mr. Steven Salvatore, CEO Hans Engineering Inc. 1500 NW Pine Street Albany, NY 10012 Dear Mr. Salvatore: In this document you will find the report that you requested in February. I have provided key information and made recommendations on a plan of action to expand Hans Engineering Inc. to the United Arab Emirates (UAE). My analysis highlights several areas that can directly impact your decision for the future expansion of Hans Engineering Inc. on a global scale. I provided information on the country, economy, business, culture, and possible locations to give credence on the viability of expanding to the UAE. The UAE is a trend setter in constructing unique buildings and robust infrastructure and is a solid prospective in which to make the headquarters for Hans Engineering International. This report will demonstrate that doing business in the UAE can be extremely rewarding for...

Words: 5509 - Pages: 23

Premium Essay

Doing Business in Uae

...D Economy Profile 2015 United Arab Emirates Doing Business 2015 2 United Arab Emirates © 2014 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: All rights reserved. 1 2 3 4 17 16 15 14 This work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. This work is available under the Creative Commons Attribution 3.0 Unported license (CC BY 3.0) Under the Creative Commons Attribution license, you are free to copy, distribute, transmit, and adapt this work, including for commercial purposes, under the following conditions: Attribution—Please cite the work as follows:......

Words: 25008 - Pages: 101

Premium Essay

Doing Business in the Uae

...This report was conducted to broaden the knowledge and understanding of doing business in the United Arab Emirates. It contains a general overview of the UAE including the states names, their rulers, the political and legal system and also major religion of the country, Islam. The body of the report covers many of the basic differences and cultural imperatives, adiaphoras and exclusives, which are then compared to Australian western culture. Differences and similarities in greetings, such as the shaking of hands are covered. The report then goes on to cover such issues as the interactions between males and females, issues that can arise due to religious obligations such as prayer 5 times a day and the holy month of Ramadan. Other issues such as how the Arab culture run business in a much more personal manner than in western culture, and how building personal relationships and trust are much more important than the efficiency of getting a project completed. Also covered is how the Arab culture value spoken agreements over written agreements, how a meeting in the United Arab Emirates might take place and how a foreign businessman might react or act in those meetings. Finally negotiation was covered and then a conclusion of what I learnt and my final thoughts. When I started this assignment, I wanted to learn about a country that was rich in culture but was also at the forefront of international business. I thought that the United Arab Emirates would be the ideal......

Words: 2566 - Pages: 11

Premium Essay

Create Your Own Business in Uae

... Introduction Currently, the UAE is experiencing a rapid growth in all areas of political, economic and social development, which creates a very attractive investment environment for local and international businesses. Specifically, the wise ruling of the UAE Government directed towards industrial and technological development, supporting peaceful relationships with the international community, openness in cultural and economic exchange, vast support of the citizens in the areas of education and social welfare provide the country with the growth of living standards and business development. In this report, I am going to make PESTEL analysis of the UAE to prove the favorable market conditions for my business – the company that provides online support for private and corporate clients in running their computer-based systems. Step1-PESTEL Analysis of the UAE  Social factors My business is going to be run online, so the geographic market for it is going to include the whole of the UAE. Specifically, my target market has two sectors: 1) Corporate customers – companies (businesses) that use different corporate software systems and need support for their smooth operations, as well as development and support of the corporate websites. 2) Individual customers – private individuals who need support for their private usage of computer systems, such as issues with operating systems, software programmes, private website development, etc. Current......

Words: 967 - Pages: 4

Premium Essay


...Emirates vs. Arabia airlines vs. Table of Contents Introduction 3 Mission Statements 4 Comparison 5 Evaluation and Critique 5 Title of the proposed company and a description of its business/service 6 Mission statement 6 Business Model 6 Business Strategy 7 References 9 Introduction The world of the 21st century is progressing at a rapid pace, on the line of fast change and tremendous development. It is important to highlight that the fast change of the current century are being powered on the lines of highly connected telecommunications technology that has advanced in a tremendous way in the recent past. It needs to be mentioned that throughout the previous decade. There was a tremendous surge in the penetration of internet - based connectivity in various parts of the world. Because of the rise of a internet based connectivity, it needs to be mentioned that the world has transformed into a single connected global entity. This has increasingly paved the way for easy synchronization of various trends related to globalization that are emerging from the different corners of the world. (International, 2011, p. 32) It needs to be mentioned that because of the trends of globalization, there is a tremendous amount of demand for new kinds of product and services that are emerging from various new as well as well established countries and economies around the world. As a result of this surge in demand, there is a high amount of business opportunity......

Words: 1745 - Pages: 7

Premium Essay

Hybrid Car Business in the Uae

...Expanding Hybrid Car Business in the United Arab Emirates Jason Maasen Athens State University March 5, 2013 Abstract This paper examines the subject of expanding the business of Toyota Motor Company’s hybrid vehicle, the Prius. The company is looking to expand the sales area of the Prius into what has become a highly developed and strengthening country that is open to the world of hybrid cars. The country that Toyota is targeting is the United Arab Emirates. With its quick pace and solid economic system, Toyota Motor Company believes this to be a perfect candidate for expansion. This paper will go into why this expansion will be a success. Expanding Hybrid Car Business in the United Arab Emirates Toyota Motor Company is looking to expand its hybrid car sales into new areas. As a whole, hybrid cards are beginning to gain more popularity. With higher gas prices worldwide, hybrid cars use less gasoline with advanced technology. Also, being more environmentally friendly has become more of a necessity with loss of natural resources, talk of global warming and damage to the ozone layer. The United Arab Emirates is a target that Toyota feels would be the perfect situation to expand the Prius footprint. An analysis of international business in the United Arab Emirates shows a nation that is exploding with new culture and opportunities to expand. With an influx of new architecture and businesses, and a country that is working to improve its environmental......

Words: 1952 - Pages: 8

Premium Essay

International Business

...Global Business Cultural Analysis: United Arab Emirates XXXXXXXXXXXX Liberty University Abstract In order to be successful in international business, one must have a certain degree of understanding about the country in which one wishes to conduct business. The United Arab Emirates is a federation of seven emirates in the Gulf region that has a culture vastly different than that in the United States, yet a business atmosphere that is very open to foreign investors. This paper evaluates the elements and dimensions of culture that affect the business relationship between the United States and United Arab Emirates, the differences between the two nations, and the implications for doing business in the United Arab Emirates for businesses from the United States. Global Business Cultural Analysis: United Arab Emirates Conducting business internationally requires a certain understanding of cultures that may differ greatly from one’s own. Though the world is growing ever more interconnected through globalization, cultural differences still persist and must be recognized if one is to be successful in international business. From the perspective of a businessperson in the United States, the United Arab Emirates presents a unique opportunity to conduct business with a nation with great cultural differences, yet an increasingly open mind in relation to Western culture. While the United Arab Emirates appears at first glance to be highly westernized in its culture, one......

Words: 8717 - Pages: 35

Premium Essay

Essay On Freedom Of Speech

...his or her political views and opinion of the current ruler to a non-intrusive protest by a large group of people about a certain issue (homosexuals’ rights, political leadership, economic situations and many more examples). Some countries might have freedom of speech as a right in its legislative system, but the implementation of this would often be responses with an intolerant reaction from the government. There is an increased challenge in controlling what people have to say and censoring public opinion with the increased penetration of the Internet and, more directly, social media platforms. This type of media has proven to be very difficult to monitor, limit and control by governments with a low tolerance to free speech. The United Arab Emirates, a country that allows free speech within its constitutions, is not very tolerant of people speaking about political topics or sensitive opinions publically. Social media in the country is one of the highest in the region, having a 29.13% penetration rate of Internet and social media through laptops, computers, smart phones and gadgets making it the highest rate from the Gulf countries (Kapur, 2011). However, the UAE has many restrictions to the freedom of speech within its legislative system, banning any publication of information that could have the potential of harming the country’s reputation, political stability or economy (Freedom House, 2015). Although very modern, the UAE is deeply traditional and has zero tolerance to......

Words: 934 - Pages: 4

Premium Essay

Uae: Economics The city being Dubai of course. Dubai is the crown jewel of the UAE and the arab world as a whole. Now one of the most sought-after tourist destinations and business hubs for citizens of the world, Dubai’s success story has made many other Middle Eastern nations take notice. In a survey done by the Arab Youth organization, young arabs chose the UAE as “the country they would most like to move to… and the country they would most like their country to emulate” (Badam). The UAE was ahead of 20 other countries, including the United States, Germany and Britain, as young people’s top country to live in. What led to the UAE’s astronomical rise? What policies led to the resources from oil revenues being spent in the most efficient fashion in comparison to other nations? These are the questions I will tackle in this paper. The UAE was established in 1971 when the rulers of the seven independent emirates agreed to instill a unifying constitution. The ruler of Abu Dhabi at the time , Zayed bin Sultan Al Nahyan, was chosen to lead the country. Since then, the ruler of Abu Dhabi is President of the United Arab Emirates, the head of state, and the ruler of Dubai is the Prime Minister of the United Arab Emirates, the head of government. This historic peaceful union of neighboring states is an inspiration to nations around the world. By bypassing a time of war and power struggles, the leaders of each emirate were able to focus on the well-being of the people since the unification......

Words: 2622 - Pages: 11

Premium Essay

Nuclear Power in the Uae

...Nuclear Power Plant Design for the United Arab Emirates The United Arab Emirates (also referred to as the UAE or the Emirates) is a relatively young country that has established a powerful world economy in a short period of time. After breaking ties from the United Kingdom just over four decades ago, the UAE has quickly developed one of the most appealing economies for foreign investment in Western Asia. The Emirates’ largest cities, Dubai and Abu Dhabi, are significant business gateways between the Middle East, Africa and Asia. Leveraging its prime geographical location and plentiful oil and natural gas reserves, the UAE has endeavored to develop its economy to the point that “today, [the Emirates] feels proud of [its] world-class and highly-ranked sea and air ports, which have strongly positioned the UAE as a main hub for trade and travel worldwide,” according to UAE Prime Minister Sheikh Mohammed. This improvement-centric mindset coupled with strategic reinvestment in infrastructure sets the United Arab Emirates on a path towards long-term global impact in many business indices. Figure [ 1 ] S S Figure [ 1 ] S S Over the past decade foreign direct investment (FDI) has swelled around the attractive business sector of the United Arab Emirates. Since its inception in 1971, the Emirates’ economy has grown exponentially, with gross......

Words: 1844 - Pages: 8

Premium Essay

Dubai- a Trip to New Heights

...Introduction In a few short weeks, I will be taking the trip of a life time to the United Arab Emirates! The UAE is an exciting place full of wonder and new adventures. The country is separated into seven distinct Emirates, each seeming to create a feel of past, present, and future depending on the Emirate you visit. The futuristic city of Dubai, currently boasting the tallest building in the world- the Burj Khalifa, has become internationally known as a major trading hub and popular tourist destination. And while the UAE has changed rapidly over the last several decades, it has nevertheless kept it culture of hospitality and perseverance alive. I am very excited to have the opportunity to explore such an interesting place and experience everything the United Arab Emirates has to offer! History & Customs The United Arab Emirates has a relatively short history as a nation. The area it currently resides in was actually highly known for piracy back in the day. So much so that in the early 19th century, pirates had provoked the intervention of the British. This resulted in the British enforcing a temporary truce in 1820 that eventually became permanent in 1853. The British provided the nine Trucial states with protection but did not formally administer them as a colony. “Thus what had once been deemed the ‘Pirate Coast’ was renamed the ‘Trucial Coast’” (Pearson, 2014). “With relatively calm seas, the pearling industry boomed during the 19th and early 20th centuries”......

Words: 3435 - Pages: 14

Premium Essay


...The United Arab Emirates (UAE) is a Middle Eastern federation of seven states situated in the southeast of the Arabian Peninsula in Southwest Asia on the Persian Gulf, bordering Oman and Saudi Arabia. The seven states, termed emirates, are Abu Dhabi, Ajman, Dubai, Fujairah, Ras al-Khaimah, Sharjah, and Umm al-Quwain. Independence (1971). By 1966 it had become clear the British Government could no longer afford to administer and protect what is now the United Arab Emirates. British MPs debated the preparedness of the Royal Navy to defend the trucial sheikhdoms. Secretary of State for Defence Denis Healey reported that the British Armed Forces were seriously overstretched and in some respects dangerously under-equipped to defend the trucial sheikhdoms. On 24 January 1968, British Prime Minister Harold Wilson announced the government's decision, reaffirmed in March 1971 by Prime Minister Edward Heath to end the treaty relationships with the seven Trucial sheikhdoms that had been, together with Bahrain and Qatar, under British protection. Days after the announcement, the ruler of Abu Dhabi Sheikh Zayed bin Sultan Al Nahyan, fearing vulnerability, tried to persuade the British to honour the protection treaties by offering to pay the full costs of keeping the British Armed Forces in the Emirates. The British Labour government rejected the offer.[32] After Labour MP Goronwy Roberts informed Sheikh Zayed of the news of British withdrawal, the nine Gulf sheikhdoms attempted to......

Words: 2192 - Pages: 9

Premium Essay


...Social Media brings Welcomed Boost to UAE Jobs Market | | | Job opportunities in the UAE, and in particular Dubai, have seen a rapid increase as a direct result of social media presence. A report, titled the ‘Report on Impact of Social Media on Middle Eastern Entrepreneurship and Employment’, carried out by the Dubai School of Government (DSG) and SAP, found that the online job prospects for young professionals have jumped in recent months. The consensus among business professionals is that the future of marketing and company brand awareness is through social media, and as such, online-based jobs in areas such as Twitter and Facebook have become more readily available in the UAE. Role of social media… The role social media plays in generating online positions within marketing, IT and PR departments has become apparent in light of the DSG and SAP Report. Not only have job opportunities risen, but entrepreneurship has become more accessible to young professionals who, without social media support, would have no means or resources to start up their own business. The influence of social media in the UAE business world has been positive, with Arab leaders taking to social media as a means of communication between themselves and UAE citizens. UAE online job figures Online jobs have risen most prominently within the UAE hospitality sector with a 40% annual growth rate, however, general job creation......

Words: 720 - Pages: 3

Premium Essay

Uae Business Guide

...Council for Australian-Arab Relations (CAAR) Australia Arab Chamber of Commerce and Industry (AACCI) Business Guides to the Arab Gulf United Arab Emirates Prepared by Bayliss Associates Pty Limited Part I: A brief overview of the United Arab Emirates 4 The formation of the United Arab Emirates 4 The Government of the United Arab Emirates 5 The United Arab Emirates Economy 5 Basic demographics 5 GDP trends 5 Oil and the UAE 6 Gas – the Dolphin project 6 Oil pipelines 6 Bunkering 6 Non-oil sector 6 Jebel Ali Port 7 Jebel Ali Free Zone (JAFZA) 7 Transhipment 7 Air travel 7 Tourism 8 The property boom 8 Part II: The Market Environment 8 Characteristics of the UAE market 8 Investment environment 9 Sovereign Wealth Funds (SWFs) 9 Foreign Trade 10 Australian bilateral relations 10 Australian business 10 Taxation 10 Legal environment 10 Tenders 11 Part III: Doing Business in the United Arab Emirates 11 Practical advice on entering the market 11 Where to get advice and help 11 Developing a strategy 12 Market research 12 Visiting the UAE 13 Visas 13 Time your visit well 13 Local holidays 13 Arriving in the UAE 13 Getting around 13 Visit programs 14 Hotels 14 Tips and tricks 14 Trade missions 15 Missions to Australia 15 Trade exhibitions 15 Health and safety 15 Personal behaviour 15 Import Procedures 15 Customs and regulatory environment 15 Documentation 16 Packaging and labelling 16 Agency......

Words: 8804 - Pages: 36

Premium Essay

Communication and the Global World

...can run into such as their cultures and beliefs. This type of venture requires careful planning to ensure it is not a complete washout. Franchises that are proposing to invest in foreign market, in such countries such as Mexico, China, United Arab Emirates and Israel, have distinctive arrogances, views, principles, customs and philosophies that are contrarily from the United States. Nations such as UAE are mostly Islamic which have stringent religious views toward ingesting products such as pork. It is considered as being unclean, other religions, such as Buddhism which is practiced in China grimace at beef because they also consider it to be unclean. The ingesting of pork is forbidden by the Judaism faith in Israel thus such sacred beliefs would impede the development of a franchise in these nations. Mexico, has several ethnic issues that could increase the substantial use of American fast food such as the total rise in economic wages, varying tendencies with respects to mothers returning to the workforce as well. Also with the average being below 30, as stated by the Canadian Market gauge report of 2011, we are dealing with a younger generation, more youthful customers which is great for a fast-food business. Being that mothers are working, as a result there is no time to prepare a customary meal. The lessening of the size of the family and the increase of income within the family has them with an excess amount of cash to spend......

Words: 1237 - Pages: 5